Is Ethereum undervalued with positive signals from macd and nvt ratios

Ethereum’s NVT ratio reflects potential undervaluation: Ethereum’s Network Value to Transactions (NVT) ratio has recently decreased, suggesting possible undervaluation. This metric supports predictions for potential future price increases, reinforcing the idea that Ethereum might be worth more than its current valuation.

Bullish indicators indicate positive momentum: The Moving Average Convergence Divergence (MACD) indicator for Ethereum shows a bullish trend, enhancing the argument for price growth. Additionally, an increase in the Chaikin Money FLOW (CMF) index reflects strong buying pressure, further indicating positive market momentum.

Ethereum’s performance surpasses Bitcoin: In recent weeks, Ethereum outperformed Bitcoin with an 8% price increase, while Bitcoin ROSE only 3%. Moreover, the emergence of a golden cross suggests a potential for significant future price performance, backed by a favorable altcoin season index.